Binance has announced that it will permanently delist margin pairs for 8 altcoins. Users need to pay attention to the dates of 17 and 20 July…
Binance Margin delists these 8 altcoins
Binance Margin removes isolated margin pairs ALCX/BUSD, ALPACA/BUSD, CVX/BUSD, DOCK/BUSD, LOOM/BUSD, MC/BUSD, MOB/BUSD and TROY/BUSD. The delist process will begin on July 20 at 09:00. Isolated margin borrowing will be suspended on July 17. Note these:
- On July 17, Binance Margin will suspend isolated margin lending for ALCX/BUSD, ALPACA/BUSD, CVX/BUSD, DOCK/BUSD, LOOM/BUSD, MC/BUSD, MOB/BUSD and TROY/BUSD.
- On July 20, users will close their positions. It will then perform an automatic swap. After this stage, ALCX/BUSD, ALPACA/BUSD, CVX/BUSD, DOCK/BUSD, LOOM/BUSD, MC/BUSD, MOB/BUSD and TROY/BUSD will cancel all pending orders on isolated margin pairs. It will permanently delist these pairs from the list from the isolated margin.
Please note, users will not be able to update their positions during the delisting process. You have to close your positions on the margin pairs in the list before the specified dates. Otherwise, Binance will close trades with an automatic swap.
Binance relaunches XRR transactions
In another development, Binance’s US arm, Binance.US, announced that it has relisted Ripple (XRP). This decision comes after the death SEC lawsuit that emerged on July 13. cryptocoin.com As we have mentioned, XRP has started to take place in many central exchanges after the latest developments.
Leading exchange announced a new airdrop
Binance faced difficulties in the US as a result of legal proceedings initiated by the SEC. As a result, a large number of users of the Binance platform have chosen to withdraw their funds from the exchange by seeking alternative platforms for their trading needs. However, Binance’s new announcement may increase sentiment towards Binance. Binance recently announced that it will launch the ARKM token sale on Binance Launchpad.
ARKM is the cryptocurrency for the Arkham Intelligence protocol, a tool that can be used for crypto analytics. It recently launched the On-Chain Intelligence Exchange. The hype around ARKM and the new update may attract new users to both the protocol and Binance. The launch of the token could also help improve sentiment around the Binance protocol.
In recent days, the predominant sentiment around the stock market has been negative. This showed that the negative comments outweighed the positive ones for the leading stock market on the social front.
Additionally, the number of social media mentions of Binance has also decreased. According to data from Lunar Crush, the number of people mentioning Binance is down 10.7% from last week. Due to falling sentiment, overall trading volume on Binance also declined.
However, the Binance team can attract users through new enhancements and updates to the app. However, the dwindling number of core developers and code commits in the app mean it may take some time before the protocol launches anything new.
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